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FIS stock sinks toward worst day since 2002 after 'very disappointing' earnings commentary

Por: MarketWatch Business November 03, 2022

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“We are not pleased with the profitability performance of the business and are taking actions to address them,” FIS Chief Executive Gary Norcross said on the earnings call. He noted that earnings were impacted by “inflationary cost pressures such as wage inflation and downstream supplier increases as well as incremental macro headwinds such as consumer weakness in the U.K.” The stock was on track for its lowest close since Feb. 29, 2016,... + full article



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